Hungary backs GSP Plus extension, vows deeper ties with Pakistan

ISLAMABAD: The government of Pakistan has decided to digitize the national economy, with all ministries tasked with implementing the measures...

External account posts record monthly surplus

ISLAMABAD: Advisor to Finance Minister, Khurram Schehzad said here on Thursday that the country’s Current Account posted a record monthly...

Current Account records $1.86b surplus in 9 months of FY25: SBP

KARACHI: Pakistan’s External Current Account Balance recorded a surplus of US$ 1.859 billion during July to March 2024-25 as compared...

World Bank sees ‘gaping holes’ in Pakistan’s tax system

ISLAMABAD: Describing the tax system of Pakistan as “unfair and absurd”, the global lender World Bank (WB) called for effectively...

Govt inaugurates Swabi smart village to expand digital services in rural Pakistan

ISLAMABAD: The Ministry of Information Technology and Telecommunication (MoITT), in collaboration with Huawei Technologies and the International Telecommunication Union (ITU),...

Several PCS officers promoted to BS-19 with immediate effect

KARACHI: Pakistan Customs Service has promoted several officers to BS-19, marking a new milestone in their careers. The following BS-18...

FTO bars FBR from penalizing taxpayers for ST return delays

LAHORE: The Federal Tax Ombudsman (FTO) has formally restrained the Federal Board of Revenue (FBR) from imposing penalties on sales...

Islamabad ATIR deems FBR audit selection process under Clause 105A illegal

ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR) Islamabad has issued a significant ruling declaring the audit selection process conducted by...

PTA seeks immediate withdrawal of SRO 1735 due to Rs40b loss

KARACHI: The Pakistan Tea Association (PTA) has called for the immediate withdrawal of SRO 1735, claiming the regulation has caused...

Kuwait extends oil credit facility for Pakistan

ISLAMABAD: Kuwait has extended oil credit facility for Pakistan for another two years. This was conveyed by Kuwait’s Ambassador to...

Pakistan ‘links’ tax relief for salaried class with IMF’s consent

ISLAMABAD: Pakistan has ‘linked’ tax relief for the salaried class with the consent of the International Monetary Fund (IMF) in...

Govt increases petroleum levy instead of offering relief

ISLAMABAD: The government has increased the petroleum levy on petrol and diesel instead of lowering prices. According to official sources,...

FBR provides Rs1.65b in tax relief on retirement gratuities

ISLAMABAD: The Federal Board of Revenue (FBR) has announced income tax exemptions totaling Rs 1.65 billion on gratuity payments made...

Govt abolishes 3pc FED on property sale

ISLAMABAD: The government has decided to immediately abolish the 3% federal excise duty (FED) being charged on the first sale...

Two-day consultative workshop on salt mining concludes

LAHORE: A two-day consultative workshop on salt mining titled ‘Safe and Productive Mining’ concluded here on Wednesday, sensitizing participants on...

BOI complete 100 reforms under PRMI for improving regulatory framework

ISLAMABAD: The Board of Investment (BOI) has completed 100 reforms out of the 168 proposed reforms under Regulatory Reforms and...

Upgraded Fitch rating reflects world confidence in Pakistan’s economy: PM

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday welcomed the upgradation of economic rating of Pakistan by global credit rating agency...

K2 Airways, Chinese firm ink accord for Karachi-Kashgar cargo flights

KARACHI: Taking another step forward to strengthen trade relations between Pakistan and China, K2 Airways and a Chinese state-owned Development...

IMF identifies governance flaws in Pakistan, calls for reforms to tackle corruption